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to give the state all of our resources which would be at least 3 billion euros to help the economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initially we know that banks were going to be closed up until tomorrow but at this point there's a lot of speculation that banks will be closed up until tuesday because monday is another bank holiday and at this point it's very, very uncertain that we'll get a viable plan b to get the bailout deal in place at this point it doesn't look like we'll get it by tomorrow. at this point we are expecting that banks are going to be closed for a little bit longer. of course that
schoolers? the right answer later in the grapevine. up next, the state of the u.s. economy. what are the chances of another recession here? for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep it together. i'm good. i'm good. for over 75...(uncontrollable laughter). what are you doing there? stop making me laugh. vo: geico. saving people money for over seventy-five years. gecko: don't look at me. don't look at me. by the armful? by the barrelful? e carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >> bret: no major changes on the horizon in how the federal reserve is dealing with the economy. while fed chief bernanke says things are getting better not eve
than three hours from the federal reserve notes and whether or not it continues stimulating the economy at the current levels, keeps propping things up. why don't you just pick up from where we left off because talking about washington related to the bigger picture scenario not assist early today but the role the federal reserve plays in all of this as long as interest rates stay as low as they are, what do you think? >> the fed plays a big role keeping interest rates low. i heard on the fiscal side, you're right, maybe outside of the beltway the washington fatigue, but returned to the fed, everyday to indicate the fed keeps the pedal to the metal, 85 billion per month, there'll be some talk about scaling it back later this year. the thing to watch is the fed forecast. all the members put in the economic forecast for the next three years. my guess is it'll be a little bit more promising for social and employment rate above 6.5% until 2015 and that is the threshold, they will not move interest rates up before your employment rate gets to that level, that is still at least two years from
to us that -- quote -- "the need to transform the world's energy economy while addressing global climate change is not only a religious and moral imperative, it is a strategy for security and survival. the united states conference of catholic bishops says that -- and i quote -- "at its core, global climate change is not about economic theory or political platforms, nor about partisan advantage or interest group pressures. it is about the future of god's creation and one human family." the bishops asked congress to consider seven principles in shaping responsible climate change policies. one, addressing global climate change means protecting the common good. two, climate change will hit the most vulnerable communities the hardest. three, we must seek solutions that enhance rather than diminish the economic standing of the poor. four, new resources must be made available to poor communities to adapt to the effects of a changing climate. five, we must protect vulnerable people from the negative human health effects of climate change. six, local affected communities should have a voi
at the hp pavilion ahead of tomorrow's slate of games. >> the fans equal a win for san jose's economy. monte francis live in san jose where you spoke to downtown businesses with more on the economic impact. good morning, monte. >> marla, good morning. in 2010, this tournament generated about $20 million for san jose's economy. expectations this time around are just as high. as you said, college basketball fans from across the country flying into san jose for the tournament. hotels, bars, restaurants in downtown san jose are hoping to recover some of the money they lost with nhl lockout this past season. we're told right now many hotels in san jose are fully booked. when it comes to ncaa's impact on the local economy, there is a trickle down effect. the ceo of the san jose silicon valley chamber of commerce says when the hotels are booked, that translates to more revenue for restaurants, bars, and cafes. >> the expectations are always high. obviously the economic impact can vary. i think the numbers we heard from 2010 were about $20 million in economic impact. so whenever you can bring people
setback for chancellor angela merkel, just when she needed a victory with hard-hit eurozone economies contracting and german taxpayers nervous of the cost of bailouts. opposition parties are demanding the chancellor improve her track record. >> the fiscal cliffhanger in cyprus has turned into a major headache for angela merkel in her role as crisis manager. for many on the island, germany as part of the problem, but she points out that the troika is the negotiating partner for any bailout, not germany. >> politically, it is important that cyprus create a sustainable banking sector for the future. their current model is not sustainable. >> merkel also stressed that the eu had requested a levy on private accounts above 100,000 euros and not the 20,000 suggested by cyprus' government, but the german government says the cyprus debacle is covered in angela merkel's fingerprints and she must find a solution. >> the chancellor must make sure that the deal is struck which represents the interests of cyprus and stabilizes the european economic zone. >> but according to mrs. merkel, the ball is
own way. toyou can go to c-span.org check out "first ladies." spoke about the economy and monetary policy. you can see all of the news conference tonight a on c-span. , our policy has two main elements. first, we decided to continue purchasing mortgage-backed perrities at a pace of -- month. it bears to emphasize that the committee has described this program in terms of a monthly pace of purchases rather than a total amount of expected purchases. evolution of the program to economic criteria. within this framework, the committee can vary the pace of purchases. at this meeting, the committee judge -- second, the committee kept the target to the federal fund rate. it will remain appropriate for a considerable time after the purchase program ends and if the economic recovery strengthens. the low range for the fund rate will be appropriate as long as the unemployment rate remains above 6.5%. if economic conditions provided in the guidance are a threshold and not triggers, crossing one or more these marshaled will not automatically lead to an increase in rates. rather the committee will
obamaism, big government. you know, government investment to try to turn the economy around. higher taxes. i think that's something that they're going to want to continue. >> it does seem if you did take that away, then we would only be talking about there's rand paul's vision, marco rubio's vision and -- >> and there's real splits on the republican side. >> what do you got sunday? >> we'll talk about the budget debate, van hollen and mccarthy debate each other and rome and the new papacy and what it means to american politics as well. >> we talk about the rising tide of hispanic americans and it seems like the catholic americans are seeing the same thing around the world. >> even more quickly than the republican party has apparently. >> even faster. david gregory, we'll be watching, thank youure siyouure. >>> and we'll talk to michael orren, obama's wish list, the president has an idea how he'd like to spend free time in tel aviv. >> sometimes i have this fantasy that i can put on a disguise and, you know, wear a fake mustache and i could wander through tel aviv and go to a bar and -- >>
. and stay the course. that's the message from the fed chairman ben bernanke today. he says our economy is improving but it still needs help. so the fed will keep interest rates at record low levels and will keep buying $85 billion in bonds each month. stocks like that, the dow up 56 points. briefly hitting a new record. the nasdaq up 25. the s&p up 10. of course, investors the world over are still watching the tiny island nation of cyprus as it nears possible bankruptcy. banks there are closed for the rest of the week now. and lawmakers are working on a plan b after parliament rejected a proposal to tax people's savings accounts. the fox business network peter barnes is live in the newsroom in washington. how concerned is the fed about cyprus? >> well, shep, he said the feted is paying attention to it, monitoring cyprus carefully. he said that so far its problems don't appear to be spreading to the u.s. or other countries. and that's the big concern here that this could become a contagion and trigger another financial crisis. but, bernanke suggested cyprus is unique, that its banking s
the japanese economy for years. he's urging businesses to pay their employees more. some managers agreed to do that but only temporarily. nhk world explains. >> reporter: more company managers and labor unions are wrapping up their month-long wage negotiations today. many firms cut bonuses last year. but this year, workers are receiving better deals. union members in japan are tallying up the pay increases for the next fiscal year, which starts april 1st. so far, all of the country's major companies have promised to keep raising wages based on age and seniority. many firms are offering more because business is better. managers at toyota motor agreed to pay an annual bonus worth five-month wages plus an extra $3,000. that's the highest payout since 2008. executives at nissan, honda, and mitsubishi also decided to accept demands for bigger bonuses. >> translator: it's good to see bonuses are increasing even if it's a temporary measure. >> reporter: prime minister abe has repeatedly asked business leaders to raise their worker's pay. he says wages must go up to boost consumption and pull japan ou
. above 14,500. traders reacting to the word the federal reserve will take more steps to boost the economy through the program of buying up $85 billion in treasury and mortgage bonds. but the trouble in cyprus could threaten markets. officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have ta
shall face a total collapse of the banking system and of the whole economy. >> reporter: such talk may well be brinksmanship. it's not. these people and many more across europe would be forever changed by the events of the past three days. >> woodruff: for a closer look at the crisis in cyprus and why it's captured the attention of europe and the u.s., we turn to jacob kirkegaard, a senior fellow at the peterson institute for international economics. welcome to the program. >> my pleasure. woodruff: why does tiny cyprus, a population just over one million, have europe, the markets, the government so rattled? >> i think there's two main reasons. first of all that europe is still kind of on the edge. it doesn't take much to shatter the sort of recent lull of confidence that you have had in europe in the last couple of months. unfortunately, i think cyprus is one such thing. and the other element is that what happens in cyprus and with respect to the cyprusian banks have a large precedent-setting effect for how europe going forward is going to deal with banking crises in other european co
. >> sreenivasan: the federal reserve stood by its aggressive plan to stimulate the u.s. economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to do whatever is necessary to put us on a sustainable fiscal path going forward. but in doing so, i think it's a good idea to pay attention to the impacts in the near term on what is still not a completely satisfactory recovery. >> sreenivasan: congress moved a step closer to advancing a spending bill that would keep the federal government running through september. the senate passed the legislation this afternoon along bipartisan lines. the measure funds the day-to-day operating budgets of every cabinet agency, gives $87 bi
-business lawmakers trying to rescind the letter fearing high-build investors who build the economy will flee to lower tax state. >> the game is rigged. yuf want win. we can change the rules on you after the fact. that is not fair. >> ironically for a tax break design to inven insent vise investment, it's reinforcing california antibusiness reputation. jerry brown issued a statement -- we are reviewing the situation to term how best to help the business owners given court's decision." >> ultimately, the legislature can try to fix it but the bill is still on the governor's desk. >> state he affected taxpayers can request a waiver to hope they lamer out a deal. if the reprieve does not come, the tax man will. >> bret: william la jeunesse in los angeles. thank you. >>> the house has begun general debate on the budget on capitol hill. that discussion will continue in to tomorrow. followed by debate on the proposals by republican paul ryan. alternatives. housing start meantime continue to rise. february's numbers where are behind only december's. as the best since 2008. building permit request reached 4-1/
newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registration bill. the case explores the extent of state powers against the controversial backdrop of voting restrictions. arizona's proposition 200 requires state residents to provide either a driver's license, passport, birth certificate or physical proof of citizenship before they can vote. but an existing federal law requires only a sworn statement of citizenship on a voter registration form. supporters say the arizona measure cuts down on voter fraud by keeping noncitizens from voting. but opponents argue the la
question. if we can't economy commitment and assurance which i've made publicly to the american people and to you privately that all options remain on the table, including the prospect which the president, charlie, does not want to do of unilaterally using military force to deal with iran's putative nuclear program. >> rose: so therefore the question is do you have any reason to doubt the president that he believes all other options have failed and iran is about to a year from now get a nuclear weapon and the ability to deliver it that he would not act? plunging markets notwithstanding the >> rising oil prices, a threat to american economic recovery, a generational war with iranians, all of that notwithstanding i believe that if it's unmistakably clear and this that the iranians are breaking out to acquire aweapon that this president will, in fact, use military force. it's not my preferreded option. it clouds the whole option of what the end state would be but i believe, yes he will use military force. >> rose: you agree? >> i think so, too. it's not just about the israelis as well. it
see the economy take off mr. mr. norquist? >> guest: okay, we haven't had trillion dollars spending cuts that we had an agreement by the president of the united states forced on them by the republicans to reduce spending over the next decade by a trillion dollars, so 100 million a year. they haven't started yet and they're just beginning to kick in. this a quest or is an additional $1.2 trillion over the decades to what the republicans want in the state battle we had in 2011, the budget control act was obama needs the debt ceiling to be increased because we spent so much money and republican said okay, we will raise the debt ceiling so the country doesn't default but only if you agree to a dollar for dollar reduction in spending over the next decade. that $2.5 trillion in spending restraints, not real cuts, spending, less than obama had hoped but in washington that is called a cut. if you want 10 of something and you only got eight of something, you walked away with eight but so that was the $2.5 trillion spending reduction over the next decade. it hasn't happened yet. we have sever
there. the economies there were slow and germany the fifth biggest. great britain at number eight. france the 9th largest. all shrink shrinking in the last quarter. that is not what you want. entire eurozone by the way losing huge number of jobs. a record 19 million are unemployed. martha: deadly storm causing serious problems across the south. areas of alabama got pummeled with large hail. some of it was the size of baseballs. that is an unusual sight. that is what they had there. high winds causing issues in georgia. thousand people waking up without power there. national weather service say the storm destroyed a store and a dozen homes. look at the wreckage on the ground. one man was killed when the wind topple ad tree on to his car. bill: we had whiteout conditions here in new york city last night and a new round of snow making for a tough commute across the northeast. new england could see the worst of it. that region getting hit with several major storms over the winter. it could get up to 20 inches of snow by the time this storm passs? maria molina live in the fox severe we
into the economy, until they see things change substantially. and what they're talking about in terms of substantial change is the unemployment rate going down to 6.5%. the federal reserve, they have regular meetings, they give regular statements on what they're going to do. today was one of those regular meetings that was scheduled. we were not expecting a change in rates. obviously with rates as low as they are, the only option will to be raise rates and you don't typically raise rates, wolf, unless you're trying to slow an economy down. if you raise rates, it makes it harder, more expensive for people to borrow money. they spend less. they borrow less. we're not at that point right now. so rates are staying exactly where they were, the federal reserve will continue to print and pump $85 billion into the economy. the way they do that, wolf, is they buy bonds back from banks, treasuries and mortgage-backed securities that gives banks more money to lend to businesses, and individuals for their mortgages or for their business expansion, and that puts more money into the economy. they'r
is in this country? it's in the banking system. it's a huge banking system, eight times the size of their economy. consider this, brian, if the us banking system was as big relative to the u.s. economy as cyprus is, we would have 45 more banks the size of jpmorgan in the united states. that's how big it is. that's why there's a need to tax deposits. that's where the money is. that's the only way this country will be able to come up with it. that's the struggle. now they're off to russia. minister of finances hope they get money out of that country. it's not clear that's going to happen, at least not in time to save the banking system. >>> of course here as always we want to know why are you awake? shoot us an e-mail or tweet me @billschactman. >>> they have espn and air force one will show you which teams the basketball fan picked. that's next in sports >> leave it to reality tv. we have more great diving. highlights from the new celebrity diving show "splash" which i did watch a few minutes of. check it out when way too early comes back. >> someone released poison gas inside the tokyo subway sys
to shoot straight and say, it's not as if our government's going to collapse tomorrow or the economy is going to collapse tomorrow if we do nothing. but it's time to quit kicking the can down the road. you know, the folks on the other side of the aisle have talked about a balanced approach. but there's nothing balanced about a budget that doesn't balance. frankly the republican proposal is a relatively modest one. we grow government by 3.5% a year over the next ten years and balance the budget to, you know, put our kids and grand kids in a better position. >> obviously a big issue is going to be medicare. congressman cartwright, i want to get you to respond to something that senator corker says he wants president obama to do. here's what he said over the weekend. >> when the president uses his bully pulpit to explain to the american people that families are only paying one-third of the cost of medicare, we will know that we've begun the process of trying to solve this problem. i hope that happens as soon as he gets back from israel. >> congressman cartwright, i know there's a lot of
, in science and research, in education. things that are important to power the economy. our focus has been on jobs first. let's get the economy in full gear. not put the brakes on it. which is what the republicans do. they've gotten austerity budget that according to the nonpartisan congressional budget office, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipar
states. but where does the american israeli relationship stand? bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 6 ayears, the united states is proud to stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is com
the scientists and many other things. sanctions are hammering the iranian economy. to focus on iran, for benjamin netanyahu, he is waving the threat to the audience. he is using one of his guys as the minister of the housing and infrastructure. the man that tells you from day one, i will build in the areas. the area that connects western bank with jerusalem. breaking the last hope for a two-state solution. >> is iran a genuine threat or distraction from the point of the peace process? >> it is a genuine threat to israel. no doubt from the ayotallah down. a direct war of words in support of terrorism against israel. israelis feel that. part of the purpose of the trip for the president is not merely to say we care about the iran nuclear program. it is to convince israelis that they can take the steps necessary for peace knowing the united states is behind their support. the fact we will not move on the palestinian question unless the israelis feel they have the security of the united states completely to take those risks for peace. i have known that ever since camp david one. this is why this is so
not helped him at all in terms of the way people feel he's handled the economy, so this doesn't hurt from their point of view. he can always say i tried, and by the way, the american public wants to see them talking to each other, so it works for them. >> the president is off to israel and jordan, i assume meeting with palestinians at the same time. that's a tough issue. >> it is. and it's also tough as you know, expectations going in. let's face it, nothing has happened, no talks at all in two years. >> in three. >> right. and we are seeing lowered expectations, and seeing that connection we were talking to jim between u.s. assurances that it will keep iran from developing a nuclear weapon, and the president's ability to convince benjamin netanyahu of that are directly tied to how much i think netanyahu will give on settlements and whether he will stop at the west bank. i think it is an interesting trip but i don't think at this point, maybe i am buying into lowered expectations, they're looking for more than here i am, let's makeup for a bad first obama term. >> it is the maiden voyage
disapprove of the way that he is handling the economy. the president is now making an effort to reach out to republicans by meeting with them several times over the past couple of weeks but you have is to wonder are his efforts sin? sincere. i asked lindsey graham earlier. the president spent more time on capitol hill meeting with republicans in the past week than he has for the previous four year is. senator, what is up? >> i don't know. old saying in the south it doesn't matter how you find religion as long as you do. i don't know if it is the dropping poll numbers or wants a leg icy and realizes you you can't have one without talking to republicans. either way it is a constructive thing. >> mike: i said you can't govern if you don't have relationships. >> right. >> mike: you can't have relationships if you don't look at each other face to face and spend time together. may not always be pleasant but it has got to be done. are you convinced and you were one of the senators that had dinner with him on the thursday night at the jefferson hotel. is he being a workhorse? or a showhorse? >> t
and the economy first and managing our debt wisely and responsibly. >>> what will you say in response to the rep criticism and clearly paul ryan's manifesto, when his budget shows the contrast, what do you say to their criticism that you don't resolve the spending cuts, that you don't deal with the debt adequately, just to play devil's advocate for a moment? >> sure. firstly, we do cut spending in our budget, but if you look at the ryan republican budget, it calls itself balanced, but it does it? just a horrendous ways to families across our country, who have been watching their kids go to school and struggle because of the cutbacks there, people who can't get a job today, people who want to have a strong country in the future, know that the investments we make in education and the infrastructure are devastated in the ryan budget, and he makes false promising that could be kept about reducing the tax rates. the only people that are protected in the ryan budget are the wealthiest and the largest corporations. they tell the rest of america, you are responsible for managing this debt that we have g
the economy going, get jobs back, and i spent hours this week in the budget committee. i'll be going back soon. the budget is on the floor next week. and those will continue to be the issues that i'll put my primary focus on. >> reporter: what do you say to a gay constituent in ohio who says, i'm so glad he changed his position but why did it take him learning that he has a gay son? why didn't he as my representative care about my rights before that? >> well, i would say that, you know, i've had a change of heart based upon a personal experience. that is certainly true. dick cheney i think had a similar experience. i've talked to him, by the way, about this. you know, it wasn't an issue i had given much thought to prior to that. maybe i should have but the reason i got into public service was because of my concern on the economic and budget issues. that's always been my focus. >> reporter: you just walked into the very last question i promise i will ask which was going to be about dick cheney. you said you did talk to him. did you call him for advice because he had a situation very similar? >>
economy. it's to create faster economic growth, to get jobs. you have to reform government to do that. >> well, on the medicare issue which is maybe the most sensitive issue out there, are you saying there are democrats who support your plan, which democrats describe as creating a voucher for medicare recipients? >> it's not a voucher program. it's called premium support and is an idea that originated from the brooking institutions from democrats to begin with. it is an idea i used to work on with alex ridlin. it's exactly just like the idea i worked with ron wyden the senator from oregon last year on. the point is good people from both political parties can lick this problem in the future and come to a solution and that is what we're proposing. our solution by the way, wolf, doesn't affect benefits of anybody in or near retirement but puts reforms of the program so we can make it solvent for the next generation like mine and our kids. we think it is the best idea for saving and strengthening medicare. we think the medicare board that will be put in place because of obama care is goin
tonight's. jon: getting a read on the true u.s. economy. the dow jones has been surging. a 57 points in the mid-14,000. the national debt keeps soaring as well. washington seems unable to find a solution. the unemployment rate stubbornly high. chief correspondent jim angle takes a look. >> enormous amounts of money into the economy, they will be gasping for air. listen to this. >> it was crucial in the crisis and the fed is very powerful at stopping the fall. but it's not good at pushing one investors who don't really want employers who don't want to hire. it has been pretty unsuccessful. >> some know that some small signs of recovery in the housing market have occurred. even with the creation of 236,000 jobs in february, job growth has lagged and is still dismal. >> is the worst business cycle that we have had since the end of world war ii in terms of job creation. we haven't even gotten back to where we were at the peak of the previous business cycle. reporter: the unemployment rate remains high. administration officials predict it would be about 5%. including all of those who took
to a healthy, productive economy that will also help grow our way out of the situation. >> congresswoman, one thing, we have house speaker john boehner and the republican senator rand paul. they have differing views on whether we're truly in a debt crisis at this moment or not. take a listen. >> we do not have an immediate debt crisis. but we all know that we have one looming. >> we do have an immediate problem. it's gathering storm. it's going to be enormous. >> all right. gathering storm. it's going to be enormous. how come there is such a disparity among republicans not being on the same page of whether we're in a debt crisis or not? >> well, i think you could look at $16 trillion worth of debt and while it may not be a crisis today, it is definitely a problem and rand paul is right. it is looming and it is going to be an enormous deal because if you stayed with the president's budget, the path that it puts you on is by 2022 you're going to have $25 trillion worth of debt. and what we are saying and what speaker boehner is saying is we still have time to manage through this so that it does
economy. >> americans were according to polls, americans are strongly in favor of gun can control. recent poll, favor background checks. more than half favor banning assault weapons. over half favor banning large magazines. >> that's the reason i think the president is glad to be away from washington, away from congress. there is a level of dysfunction here. the power in this institution is enormous. it takes away from common sense steps. you have the filibuster. and senator reid felt, as he counted votes, he wouldn't be able to keep the assault ban weapon in the bill and in the house, majority rules. that's mr. boehner. and it is up to him whether he puts legislation on the floor. now the other dynamic we have is that the country is in favor of it. but in the a lot of these districts, the folks who represent those districts, those people are solidly against it. so you have this situation where the minority, with this gerrymandering actually is vetoing what in effect is i think why the popular efforts common sense steps on guns. >> congressman, i think if it were widely popular, you would
. >> yeah. neil, look. i'm a data guy. we all know the bad numbers out of the economy in the last couple quarters, being run over by some of these media folks -- look no further than the unemployment rate which is a fancy way of saying all the people that are either parttimers that want fulltime, or all the people that have just been so discouraged, they have given up looking for work. the number is over 14%. so while the unmomentum rate is celebrated at a post recession low, we're still about mid-teens for unemployment as a real term. >> neil: let me ask you this. when so many states are seeing for some a sudden uptick in the up employment rate,ings to that trigger or pop up in the national numbers or is there a lag effect? what do you see? >> well, there's certainly a lag effect to some degree because there are different economic factors going on in different states. we talk about this before. all the fracking has poshed then unemployment rates in dakotas, but at it gone up, especially in states next door. but for anybody to sit here and tell you that fundamentals are changing as a who
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. mommy's having a french fry. yes she is, yes she is. [ bop ] [ male announcer ] could've had a v8. 100% vegetable juice, with three of your daily vegetable servings in every little bottle. >>> smoke rose over baghdad today on this the tenth anniversary of the u.s. invasion. there were 17 car bombings and seven roadside bombings in iraq. at least 53 people died. cnn's standing by live in baghdad. we'll get to her in a moment. first a quick look back. ten years ago today, i was in kuwait reporting on the start of the iraq war. the bush administration insisted saddam hussein had weapons of mass destruction. we were told to be prepared for the worst. and we were. we've been given these backpacks with a lot of protective gear. among other things, in case of the worst case s
that it will stay the course, staying the course, of course, means pumping money into the american economy especially concerns about a possible bailout in cyprus flare up. summer won't come soon enough for twinkie lovers. you know who you are. a bankruptcy judge approving hostess' sale to two investment firms and bringing twinkies, ho-hoes and ding dongs back from the dead. the deal said to be worth $410 million. the new owners hope to have twinkies and its snack cake brethren back on your store shelves by summer so you can stop with the locked door in your office and your stash. you'll be able to replenish it soon. and think you can trust labels at the shopping mall? think again. some clothing labeled as being made with fake fur was actually made with real fur. neiman marcus resolve clothing and dr. j.'s dotcom are settling false marketing charges with the federal trade commission. the retailers will not pay any fines but do promise to label all their products correctly going forward or face penalties. imagine if you were going to buy a pair of flats for example, this was a brand-name sli
the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says the issue of gun control is a personal one for her. as you know,
-buying stimulus continues to help the u.s. economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. senator feinstein says
, the economy comes to life. norfolk southern. one line, infinite possibilities. try align. it's the number one ge recommended probiotic c" that helps maintain digestive balance. ♪ stay in the groove with align. ♪ need help keeping your digestive balance in sync? try align. it's a probiotic that fortifies your digestive system with healthy bacteria 24/7. because your insides set the tone. stay in the groove with align. >>> three years ago, the scene after at fukushima nuclear plant in japan. recall the earthquake and tsunami hit the area, waves knocked out cooling systems to reactors leading to meltdowns at three of them. >> that's right, tens of thousands of people evacuated and they still have not been able to return to their homes. last night a power outage hit the same nuclear plant, and now crews are working to restore some of the cooling systems. >> want to bring in chad meyers. help us understand how the cooling systems work and how dangerous this potentially. >> is a closed system, water pumps in and out of a reactor, the core here is not acting at all but talking about the pool
by the time we came into office in 2009, it was all about the economy. but the animating event really for three years, leading up to that election, was iraq. i definitely think, i think it is, i think it will have a huge impact, it has on this commander-in-chief and will have on future commanders in chief. because they understand that without some popular support, it's hard to go about doing -- a lot of military action. without some broad popular support among people to do something like this, there's very little taste to park tens of thousands of people in a place like syria. that even though it's important, has less of a connection to folks here at home. they understand now probably more than ever, the real costs of the war. not just in dollars, but in lives and in injuries and in things like ptsd, which we'll quite frankly be dealing with for a lifetime. >> rachel i want to talk about the veterans' angle on this and we speak about the cost of war. we often forget about those still living if you're look at what's happening to veterans, there are 600,000 of veterans who have backlog
to talk about the economy. have a one mention to all voters. well, it turns out the obama way was the successful approach in the 2012 election. >> mark murray, thank you so much. we'll see whether it happens. how the rubber hits the road. >> thank you. >>> coming up, a crowded race in south carolina for the open congressional seat there. there is no shortage. we'll get an update. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [ booooooom! ] ...we hot water heaters can
economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and the floods come, our doctors and rescuers reach out to help. when people are suffering from africa to asia, we partner to fight disease and overcome hunger. we stand together because peace must come to the holy land, for even as we are clear-eyed about the difficulties, we will never lose sight of the vision of an israel at peace with its neighbors. so as i begin this visit, let me say as clearly as i can, the united states of america stands with the state of israel because it is in our fundamental national security interest to stand with israel. it makes us both stronger. it makes us both more prosperous, and it makes the world a better place. that's why -- [ applause ] that's why the united states was the very first nation to recognize the state of israel 65 years ago. that's why the star of david and the star and stripes fly together today. that is why i'm confident in declaring that our alliance is eternal, forever. thank you very much. [ appla
on the math. we're not losing the issues on spending and debt and jobs and the economy. those are total winners for us. what we found in the election is while we're winning the arguments on spending and math, we're losing sort of this emotional cultural vote out there in presidential elections. and it didn't just happen overnight, luke. i mean the fact is our parties have a tough time over the last 24 years winning decisive presidential elections. and it's our job as a party to get to the bottom of why that is. and that's what we're trying to do. so, you know -- >> okay. let's talk about that emotional cultural vote. your predecessor said this this morning on "morning joe" about the issues you have in minority community. >> how does he reconcile his agreement with voter registration policies that many in the black community view as anti-black, racist? you can show up any time. it's what you say and what do you when you get there that matters most to people. >> so the former chairman steel is attacking you right there saying that you're not doing enough in terms of minority outreach, tha
the things the blood flowing of our economy without oil in its form. we do not have the technology to move past that, and therefore we are at the whim of big oil on a regular basis. the insurance companies and the current medical establishment has the constant resource of funds in the form of an aging population and a consistent and sometimes, you know, you can even create a disease where there is none as far as a label goes and start treating it, whether or not it needs that kind of treating. they have a constant flow of money. there is no way to tamp down, and that's part of i guess the p.r. push of this is that necessary care is used as a way as a hammer against anybody who would want to limit their growth as far as the profit-making industry. it makes it especially as the baby boomer generation ages. let's take a break and when we come back, i would love to hear where you think the next steps can come from, because obviously health care as we have it, a lot of people, you know, said all or nothing. if i can't get a single pair, i don't want it at all, but the protections against preexi
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